Paramount NYCNew York City’s Paramount hotel has completed its year-long $40 million renovation.

The Theater District hotel on 46th Street between Seventh and Eighth avenues upgraded its 597 rooms as well as its two-story lobby.

Owner RFR Holding added a new restaurant and will reopen Billy Rose’s Diamond Horseshoe nightclub this fall, 61 years after it was shuttered.

The Paramount was built in 1928 and designed by noted theater architect Thomas W. Lamb.

Follow Danny King on Twitter @dktravelweekly.

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